GMS Inc Aktie

Home Depot has completed the acquisition of GMS by its professional-trade subsidiary SRS Distribution for an enterprise value of about $5.5 billion. Approximately 79.5% of outstanding GMS shares were tendered at a cash price of $110 per share; remaining shares were converted into claims for the same cash payment. GMS will operate going forward as a direct subsidiary of SRS and an indirect wholly owned subsidiary of Home Depot, expanding SRS’s product offering and customer base in the building materials distribution market. » More on de.investing.com

Home Depot extended the expiration of its $110-per-share tender offer for GMS Inc. to Sept. 3, 2025 to allow extra time to satisfy conditions under the Canadian Competition Act and obtain required regulatory approvals. As of the prior deadline, holders of 29.31 million GMS shares (77% of outstanding) had tendered and not withdrawn, while Home Depot continues to pursue the acquisition to strengthen its position with professional contractors following its SRS Distribution deal. The transaction remains subject to regulatory clearance and completion of remaining conditions. » More on finance.yahoo.com

The Home Depot received a no-action letter from the Canadian Competition Bureau clearing the antitrust condition for its tender offer, via subsidiary Gold Acquisition Sub, Inc., to acquire all outstanding shares of GMS. The company also reported Q2 2025 sales of $45.3 billion, reaffirming FY2025 guidance for ~2.8% sales growth and ~33.4% gross margin. » More on finance.yahoo.com

GMS has agreed to be acquired by a Home Depot subsidiary for $110 per share in cash, valuing the deal at approximately $5.5 billion including debt. The offer surpasses a previous bid from QXO, leading to a jump in GMS and QXO stock prices, while Home Depot shares slipped. The deal highlights ongoing merger activity amid a broader market rally and positive economic signals in Asia and the US. » More on abcnews.go.com

Raymond James has lowered its rating on GMS shares from 'Outperform' to 'Market Perform' due to uncertainties related to ongoing takeover bids. Following QXO's acquisition offer and reports of a possible competing bid from Home Depot, the stock is currently trading above the known offer price. Raymond James expressed concerns about the transparency of the bidding situation and sees a balanced risk-reward profile. » More on de.investing.com